Even Steven, what's a good broker to use for options on indices ? I use IB but they seem to require a huge margin when selling options - enough to cover a 30% swing in underlying.
I've got an IB account. I don't understand the margin requirements on index options. I wanted to sell a ftse call at strike 6100. It said I need to add another $4k capital to have enough margin.
However it would let me sell a more expensive ftse put option (strike=5600) at the same expiry which...